DanaInfra Nasional Berhad successfully made its second Sukuk issuance of the year amounting to RM1.9 billion
DanaInfra Nasional Berhad (“DINB”) has successfully made its second issuance of the year amounting to RM1.9 billion in nominal value of Sukuk on 27 October 2021. With an over subscription rate of approximately 1.02 times, this marks the sixth issuance for DINB under its existing RM13.0 billion ICP/IMTN Programme (“Sukuk Programme”). The Sukuk Programme is irrevocably and unconditionally guaranteed by the Government of Malaysia.
Kenanga Investment Bank Berhad was instrumental for the success of this transaction as the Joint Lead Manager and played a significant role in the successful book-building process that was closed on 15 October 2021.
Proceeds from the issuance will be utilised to finance, amongst others, the Shariah-compliant expenditures and/or payments in relation to the Pan Borneo Highway.
The issuance comprises of four (4) tranches as shown in the table below:
| Tenure (Year) | Yield-to-Maturity (% per annum) | Tranche Size (RM Million) |
|---|---|---|
| 7 | 3.70 | 400 |
| 15 | 4.34 | 860 |
| 20 | 4.50 | 270 |
| 30 | 4.70 | 370 |